Steady development towards improved market
(Thomson Reuters ONE) - (2010-02-04) Revenue amounted to NOK 423.9 million in fourth quarter of 2009, a35.3 per cent decrease compared with the same period last year. The profitbefore tax was NOK 12.8 million (NOK 59.0 million). Cash flow from operationswas stable and amounted to NOK 62.3 million (NOK 66.5 million). The order intakewas NOK 454.7 million and the order backlog was NOK 795.8 million, a decrease of17.0 and 18.1 per cent respectively.Enclosed in pdf are the interim report and the presentation.Key itemsFigures in brackets refer to the fourth quarter of 2008 unless otherwise stated.Market expansionKitron is expanding its market coverage by establishing presence in China andGermanyOrder intake and backlogThe order intake decreased by 17.0 per cent to NOK 454.7 million (NOK 548.0million). The order backlog at the end of the fourth quarter was NOK 795.8million (NOK 971.2 million).RevenueRevenue decreased by 35.3 per cent to NOK 423.9 million (NOK 655.5 million).Operating profitEBITDA and EBIT were NOK 22.9 million (NOK 66.2 million) and NOK 15.8 millionrespectively (NOK 58.1 million).Profit before taxProfit before tax amounted to NOK 12.8 million (NOK 59.0 million), whichreflects a margin of 3.0 per cent (9.0 per cent).Strong cash generationCash flow from operations in the fourth quarter was NOK 62.3 million (NOK 66.5million).This information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1380628] Kitron Q4 2009 Eng: http://hugin.info/197/R/1380628/340200.pdf Presentation Q4 2009 Eng: http://hugin.info/197/R/1380628/340211.pdf
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Datum: 04.02.2010 - 08:02 Uhr
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